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Dec 8, 2012
12/12
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but he is at 69%, which is down from 77% right after hurricane sandy. he is riding high, governor dean. does this -- does this hurt him in the long run, do you think? >> i think not taking the exchanges probably doesn't hurt that much because people don't really fully understand the exchanges yet, and because the federal exchange will probably move the cause of the single payer further down the line. but i think not taking the medicaid money will be an enormous mistake. i have not heard him say that, and i don't think he will say that. i think he is much too pragmatic for that. >> we talk about chris christie being a sort of standard bearer for bipartisanship largely because of the photo ops around hurricane sandy. but when you look at his political record, he has not been particularly supportive of unions, and hazy been very much criticized by the left for shutting down infrastructure spending. >> i think, you know, he is basically positioning himself for reelection. he has done that pretty well. but let's not forget that george h.w. bush had popularit
but he is at 69%, which is down from 77% right after hurricane sandy. he is riding high, governor dean. does this -- does this hurt him in the long run, do you think? >> i think not taking the exchanges probably doesn't hurt that much because people don't really fully understand the exchanges yet, and because the federal exchange will probably move the cause of the single payer further down the line. but i think not taking the medicaid money will be an enormous mistake. i have not heard...
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using sandy, a lot of problems that were, you know, brought to the floor as a result of sandy. i don't know that climate change is the number one one, i mean, it could be where we are living. i mean, the type of insurance that we're buying and selling, what the government is backing, where we allow people to build homes. there's a lot of issues that we might want to tackle before we talk about climate change related to sandy. neil: when you spend money to address a problem, you need money to address the problem. >> great poi. neil: i woer whether you believe climate change, warming, manmade or not, but they force the issue. i'm wondering whether it's democrats or liberals are over reading the election? i think it's safe to say there's a fair organization, -- fair argument, that raising taxes on the rich was a consequence of the election. all the other stuff is a leap. >> there's -- >> as far ashat you leverage off. >> winning by a couple points does not turn into a mandate that everybody's behavior in how they consume energy sign up f changing that, increased energy prices, veh
using sandy, a lot of problems that were, you know, brought to the floor as a result of sandy. i don't know that climate change is the number one one, i mean, it could be where we are living. i mean, the type of insurance that we're buying and selling, what the government is backing, where we allow people to build homes. there's a lot of issues that we might want to tackle before we talk about climate change related to sandy. neil: when you spend money to address a problem, you need money to...
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Dec 10, 2012
12/12
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WBAL
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>>> lawmakers roll up their sleeves to help some of hurricane sandy's hardest hit victims. you're watching "early today." >>> welcome back to "early today." hope you had a wonderful weekend. the big storm that was in the midwest is heading east, especially the northeast. the white on this map is snow over much of the state of maine. seeing rain in southern maine. icy stuff and sleet especially north of portland. be careful out there. a lot of areas in vermont and new hampshire improving after freezing rain and sleet last night. the windchills are brutal in the midwest from dallas northward. exceptionally cold this morning. and of course there's a lot of snow on the ground, too, in the northern plains. for the eastern seaboard, the bottom line is it's going to be warm. there will be storms and rain today. bring the umbrella. >> all right. thanks, bill. >>> james bond made history again this weekend at the box office. "skyfall" won this weekend while becoming sony's highest grossing film of all time, taking in $918 million worldwide. the film is close to becoming the first-ev
>>> lawmakers roll up their sleeves to help some of hurricane sandy's hardest hit victims. you're watching "early today." >>> welcome back to "early today." hope you had a wonderful weekend. the big storm that was in the midwest is heading east, especially the northeast. the white on this map is snow over much of the state of maine. seeing rain in southern maine. icy stuff and sleet especially north of portland. be careful out there. a lot of areas in...
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. >>> the national hurricane center is changing its warning system after superstorm sandy caught many off-guard. they are changing the definitions so people will be ready for extreme conditions. >>> people in krisfield are still suffering from sandy's damage after a federal decision not to provide aid to storm- battered residents. the city's mayor is challenging the federal decision. >> is there water coming into your residence right now. >> yes, ma'am. >> try to stay calm. >> reporter: taking stock of the damage came next. sitting just above the bay, many in town took a hit. >> my building took a big beating. it's the worst i've seen. >> clearly, krisfield took it the hardest. a lot of people have been swamped out of their home. >> reporter: after seeing their damage, the governor asked for federal disaster relief. federal help won't be coming to homeowners and businesses does because not enough damage could be done. it is not based upon the trauma to the individual. >> we need help. we need help. we cannot do it. >> reporter: the reason, many who lost furnaces, first floors, and roo
. >>> the national hurricane center is changing its warning system after superstorm sandy caught many off-guard. they are changing the definitions so people will be ready for extreme conditions. >>> people in krisfield are still suffering from sandy's damage after a federal decision not to provide aid to storm- battered residents. the city's mayor is challenging the federal decision. >> is there water coming into your residence right now. >> yes, ma'am. >>...
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Dec 7, 2012
12/12
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>> i think that the economy dodged a bullet with hurricane sandy in a way we really weren't expecting. we were really expecting to see that hit much harder because it hit the week that they were taking the survey. the real concern with the economy now that you're hearing fl folks like mark zandy is that it's not consumers that are not spending, it's employers who are spending. business investment has been down year over year in the last two quarters as people do not, you know, invest in equipment or buy software because they have no idea what's happening to their tax rates in january. that's where people get nervous about what's going on. >> the uncertainty? >> yeah. >> blake, if there is a deal to avoid the so-called fiscal cliff, could these jobs numbers get considerable better? >> i think so, but it's funny. the republicans are in a bit of a box here. their motivation is to say it's not so good. a lot of jobless people out there. we have a real problem. meanwhi meanwhile, we have fiscal cliff negotiations where the president wants stimulus mechanisms including an extension of unemp
>> i think that the economy dodged a bullet with hurricane sandy in a way we really weren't expecting. we were really expecting to see that hit much harder because it hit the week that they were taking the survey. the real concern with the economy now that you're hearing fl folks like mark zandy is that it's not consumers that are not spending, it's employers who are spending. business investment has been down year over year in the last two quarters as people do not, you know, invest in...
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Dec 5, 2012
12/12
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WBAL
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not much rain around here since sandy blew through. most of november was quite dry. our total for the month, just a trace. we're at almost pvents 6 of an inch. the yearly total is almost five inches below normal for the year. high temperatures today occurred just before 1:00. between midnight and 1:00 we were on the warm side of that front and the 51 degree low is the current temperature for the day. it is getting chillier. temperatures are down into the low and mid 40's. low 50's and you can kind of see the cold area coming in. 30's in oakland. 35 downtown. clear skies, northwest wind at 5 miles per hour and the sun went down a few minutes ago. 50's around here right now and it gets chillier as you head into cleveland. that is where the air is coming from. the core of the cold will pass far to our north as high pressure moves on by and on friday, the next warm front will actually be coming our way. this warm front is significant. look at the temperatures 68 in denver right now. it is going to be chilly for a couple of days, it is only for a couple of days. by the we
not much rain around here since sandy blew through. most of november was quite dry. our total for the month, just a trace. we're at almost pvents 6 of an inch. the yearly total is almost five inches below normal for the year. high temperatures today occurred just before 1:00. between midnight and 1:00 we were on the warm side of that front and the 51 degree low is the current temperature for the day. it is getting chillier. temperatures are down into the low and mid 40's. low 50's and you can...
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Dec 7, 2012
12/12
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>> well, keep in mind one of the reasons expectations were so low going into this one was hurricane sandy which everyone expected to be a temporary effect. that didn't material az somewhat mi mysteriously and the labor department indicated it had no impact on the number. you're right, this is not good enough. this is a treading water pace of jobs. it is more of the same. it's not particularly good in the quality of jobs being created so net net i think it's okay but certainly not what we'd like to see. >> maybe, tom, it is not that we are a nation of pessimists. it is that we're a nation of realists. maybe sort of from a strk turl long point of view we just have to get used to this. >> that's a great point. 150,000 is not good enough depending on your expectations for growth. if you're looking for 1.5% to 2% growth you are probably in the sweet spot. but if you are looking for something more, looking for 2.5% to 3% growth you need much more job growth to see that outcome. but we're not there. we don't think we'll get there. there's still too many headwind facing the small business segment
>> well, keep in mind one of the reasons expectations were so low going into this one was hurricane sandy which everyone expected to be a temporary effect. that didn't material az somewhat mi mysteriously and the labor department indicated it had no impact on the number. you're right, this is not good enough. this is a treading water pace of jobs. it is more of the same. it's not particularly good in the quality of jobs being created so net net i think it's okay but certainly not what...
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Dec 6, 2012
12/12
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CNBC
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early thanksgiving, hurricane sandy. is this rally at the end of the day having anything to do with any anticipation of the jobs report? what are you looking for? >> no, i don't think so. we're looking for almost exactly half. we had 171,000. the consensus is 85 to 90,000. we're looking at half. i understand that, you know, superstorm san difs a horrible event, and i am sure it's going to take some jobs out, but it's going to also be a bit of an excusetrending well. i'll give you an example. wells fargo gallup does a small survey. on hiring, small businesses dropped to the lowest level of opt miimism in four years. it doesn't matter what ben bernanke does. i think his programs have long since not really helped the employment side, but the fiscal cliff is doing obvious damage. that's going to make what everybody knows is coming. we ran out of two years to sell. they're going to go from a twist to outright purchases. it's fully built into the market, but it isn't going to help. the fiscal cliff is going to do more damage t
early thanksgiving, hurricane sandy. is this rally at the end of the day having anything to do with any anticipation of the jobs report? what are you looking for? >> no, i don't think so. we're looking for almost exactly half. we had 171,000. the consensus is 85 to 90,000. we're looking at half. i understand that, you know, superstorm san difs a horrible event, and i am sure it's going to take some jobs out, but it's going to also be a bit of an excusetrending well. i'll give you an...
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Dec 7, 2012
12/12
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so sandy did leave an impact in the data. but i think the report as a whole shows that the economy has been resilient, as i say every month when i'm on your show we're making progress. we're digging our way out of a deep hole. we're not satisfied yet. there's a long way to go. but there are signs that the economy is continuing to heal. >> is it a realistic possibility a year ago today the unemployment rate was 8.7%. today it's 7.7%. is it a realistic possibility, i know you don't like to project numbers, but that we could expect another point drop a year from now? is. >> well, we'll come out with our official projections when the budget comes out but i would say if congress does address the problems that it needs to address concerning the fiscal cliff if we had reasonable resolution type of programs that the president has been proposing to support the economy in the short run, get us on a sustainable fiscal path in the long run, protect the middle class, we're going to continue to see progress in this economy. in fact, i woul
so sandy did leave an impact in the data. but i think the report as a whole shows that the economy has been resilient, as i say every month when i'm on your show we're making progress. we're digging our way out of a deep hole. we're not satisfied yet. there's a long way to go. but there are signs that the economy is continuing to heal. >> is it a realistic possibility a year ago today the unemployment rate was 8.7%. today it's 7.7%. is it a realistic possibility, i know you don't like to...
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Dec 2, 2012
12/12
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CSPAN2
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a number of cholera cases have increased with hurricane sandy. we're dealing and people tend to forget we are -- canceling canceling with urgent and difficult situation in haiti. >> where did "so spoke the earth: the haiti i knew, the haiti i know, the haiti i want to know" come from? >> it is anin wy difcu anthologs edited by a group of women here >> miami of women writers called women writers of haitianf decedent.o wr one of theer intellectual wrote. book "so spoke the uncle" he advocated for haitians to take control of their stories, to tell their stories "barack obama: the stories" of their lives at literature and those women, the groups of women got together and edited this that cover the three sections in. the haiti i know, the haiti i want to know, and the haiti of the future, and different women talk about theiri experiences. both in haiti. it's an tholings in english,. french, and creole. it's cross generational. we talk about the people that were there and survived it.abouh talk about the friends and neighbor, they mourn, they celebrate
a number of cholera cases have increased with hurricane sandy. we're dealing and people tend to forget we are -- canceling canceling with urgent and difficult situation in haiti. >> where did "so spoke the earth: the haiti i knew, the haiti i know, the haiti i want to know" come from? >> it is anin wy difcu anthologs edited by a group of women here >> miami of women writers called women writers of haitianf decedent.o wr one of theer intellectual wrote. book "so...
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Dec 8, 2012
12/12
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CNBC
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and all this despite the effects of hurricane sandy. who knows how high we could have been if it weren't for that darn hurricane? yet the market barely blinked. yet the potential layoffs if we go over the cliff make these rearview numbers seem almost irrelevant to the market. hence the mixed performance of the averages today. sure, dow gained 81 points, but the s&p barely budged, edging up 29%. and the nasdaq actually declined .38%, led once again by the slip sliding away apple, which you know i like, but how many times during a particular show can i say i like it? so with that in mind, what's the game plan for next week? first off, perhaps the most important day of the week is monday. but not for any earnings. not for any releases. that's when we process the results of the weekend talk shows, which you now have to watch as if we were instead of watching, you know, college gameday, i'm watching like some of those other news stations -- and then of course sunday morning whoever -- you don't even pay attention -- football means nothing no
and all this despite the effects of hurricane sandy. who knows how high we could have been if it weren't for that darn hurricane? yet the market barely blinked. yet the potential layoffs if we go over the cliff make these rearview numbers seem almost irrelevant to the market. hence the mixed performance of the averages today. sure, dow gained 81 points, but the s&p barely budged, edging up 29%. and the nasdaq actually declined .38%, led once again by the slip sliding away apple, which you...
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Dec 5, 2012
12/12
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told us that on the east coast lots of potential workers, they took fema positions to help out with sandy recovery. many of those jobs last longer than what ups can offer. experts say that that's also part of the problem, but the fact that people want to hold out for more permanent better paying jobs, but, susan, one other thing here, the issue of filling positions isn't just in lower paying fields. there's currently a big skilled worker shortage, but one consulting group says it's not that there's not workers out there. it's that companies, they're being too selective about who they hire, and they don't pay competitive wages, suzanne. >> wow. complicated picture there, but yol a lot of people still out of work. some companies can't fill positions. thank you. appreciate it. >>> they're smart, right? they're playful? very intelligent. why would someone want to kill dolphins? we are searching for a killer. e just right. perfection is in the details. ♪ get to holiday fun faster with pillsbury cookie dough. hurry in and try five succulent entrees, like our tender snow crab paired with savor
told us that on the east coast lots of potential workers, they took fema positions to help out with sandy recovery. many of those jobs last longer than what ups can offer. experts say that that's also part of the problem, but the fact that people want to hold out for more permanent better paying jobs, but, susan, one other thing here, the issue of filling positions isn't just in lower paying fields. there's currently a big skilled worker shortage, but one consulting group says it's not that...
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Dec 9, 2012
12/12
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CSPAN
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here we are with sandy. thank you very much for all that you are doing. we encourage you to use the fema funds provided as intended and as spelled out in the legislation. there's always the opportunity for supplementals. if you find there is something we have left out that need ashamed to don't be bring it before our attention. we appreciate you coming before us as we go forward trying to help the people recover from these terrible events. >> thank you for raising the issue of marine debris. that will be a huge issue for the northeast as it was on the gulf coast and those rules and regulations are all tied up in knots. let's use that opportunity to get that straight because there will be a lot of debris in the marshes, rivers, wetlands all along the east coast and it's not necessary for people to suffer the way that we did in trying to get to that debris because so many jurisdictions, etc. i want the staff to make a note of that to make sure we address that. senator mikulski. >> thank you, madam chair. >> if your not careful coming will have a mikulski an
here we are with sandy. thank you very much for all that you are doing. we encourage you to use the fema funds provided as intended and as spelled out in the legislation. there's always the opportunity for supplementals. if you find there is something we have left out that need ashamed to don't be bring it before our attention. we appreciate you coming before us as we go forward trying to help the people recover from these terrible events. >> thank you for raising the issue of marine...
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Dec 3, 2012
12/12
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CNBC
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sandy stimulated sales of new cars last month. see which automaker drove away with bigger gains, ford or gm. >> then pain at the pump. our next guest is warning a new ethanol fuel blend that not only costs more but adds to the cost of food could damage your car and void your warranty. really? you're going to want to hear this coming up. >>> and banks be aware. a third of americans would rather get a mortgage from walmart than a bank, even though walmart doesn't offer them, at least not yet. we'll hear from somebody saying offering home loans would be a boone for walmart stocks. [ male announcer ] this december, remember -- you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. offering some of our best values of the year. when you take a closer look... ...at the best schools in the world... ...you see they all have something very i
sandy stimulated sales of new cars last month. see which automaker drove away with bigger gains, ford or gm. >> then pain at the pump. our next guest is warning a new ethanol fuel blend that not only costs more but adds to the cost of food could damage your car and void your warranty. really? you're going to want to hear this coming up. >>> and banks be aware. a third of americans would rather get a mortgage from walmart than a bank, even though walmart doesn't offer them, at...
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Dec 10, 2012
12/12
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FBC
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look no further than superstorm sandy. gore calling on the president and congress to act and act now. that may mean a carbon tax? however, listen to this, a study from colorado state university says the exact opposite. that sandy was not caused by climate change. we will talk about all that in a moment. plus, you want proof that raising taxes does not work, that it doesn't bring in more money? well, in california, where they just voted to raise taxes big-time, the state is more than 800 million dollars short of the revenue it expected to bring in, because when you raise taxes, some people leave. check the big board. same old same old same old. the dow is flat, up just 23 points in the early going this monday morning. here is our company: sandra smith is with us. the conservative commentator is with us. and nicole petallides is there on the floor of the new york stock exchange. here we go, new at 10:00, the latest climate change rant from former vice president al gore. he blames pollution for causing climate change, which h
look no further than superstorm sandy. gore calling on the president and congress to act and act now. that may mean a carbon tax? however, listen to this, a study from colorado state university says the exact opposite. that sandy was not caused by climate change. we will talk about all that in a moment. plus, you want proof that raising taxes does not work, that it doesn't bring in more money? well, in california, where they just voted to raise taxes big-time, the state is more than 800 million...
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Dec 7, 2012
12/12
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CNBC
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you had sandy. i mean, it may be -- the journal argued it's the least important jobs number in five years. >> i saw that. i do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. greek situation. maybe it's off the front pages for a while. and so if we assume that the jobs picture in the u.s. is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one would assume in terms of good or bad for the market, for the economy. >> kernen had a good point. does strength mean the economy could handle a cliff or is it so good you wouldn't want to tamper -- >> if i wanted to create a recession, what would i do? i would raise everybody's rates. i would cut the unemployment benefit. just trying to think of a theory of how i could cause a recession. i would cut back government spending quickly. >> i would raise interest rates to 20%. >> bernanke ought to join the -- look, i think
you had sandy. i mean, it may be -- the journal argued it's the least important jobs number in five years. >> i saw that. i do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. greek situation. maybe it's off the front pages for a while. and so if we assume that the jobs picture in the u.s. is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one...
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Dec 7, 2012
12/12
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now, again, back to hurricane sandy. from the commissioner's statement, the storm we saw happen on october 29th, the next pay period ended on november 12th. the way bls essentially keeps score it says workers have to be off work for the entire pay period to be counted on the negative side. on the household survey side, persons who missed work for weather-related events are counted as employed whether or not they are paid for the time off. we did have a drop in the labor force participation rate, down 0.2 to 63.6%. how did we get to 7.7% unemployment? basically the number of unemployed persons dropped more than the number of employed and there were downward trends in both those categories. lots to chew on. back to you guys. >> hampton, thank you. we are kind of scratching our heads. let's get more reaction from our panel. mark zandi and jared bernstein are here with us. mark, what do you make of this number? we've set this up as numbers were not going to be things we watched closely because of sandy. >> i'd say two things
now, again, back to hurricane sandy. from the commissioner's statement, the storm we saw happen on october 29th, the next pay period ended on november 12th. the way bls essentially keeps score it says workers have to be off work for the entire pay period to be counted on the negative side. on the household survey side, persons who missed work for weather-related events are counted as employed whether or not they are paid for the time off. we did have a drop in the labor force participation...
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Dec 6, 2012
12/12
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CNBC
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kansas city southern should benefit from the auto rebuild that's needed in the wake of hurricane sandy. can't get this stuff to america fast enough. united states fast enough. thanks to the strength of the economy, the increasing volumes with declining costs. the gross margins are expanding. how much do we love that in a rail? however, the auto industry only affects about 18% of kansas city southern's revenues. they do have some coal exposure, something that's crushed a great many american railroads, we know that because we have backed away from a lot of rails because of the coal. but they have something the other railroads don't have, consistently high growth, not that low single digit stuff and not susceptible to the cyclical nature of coal or the ongoing war between natural gas and coal in the fight to be fuel for american utilities. and that's why i'm naming it my new favorite railroad. even over and above union pacific, which has always been my favorite. don't get mad at me, union pacific. i used a great union pacific calendar, but it's december. that one's off the wall. anyway --
kansas city southern should benefit from the auto rebuild that's needed in the wake of hurricane sandy. can't get this stuff to america fast enough. united states fast enough. thanks to the strength of the economy, the increasing volumes with declining costs. the gross margins are expanding. how much do we love that in a rail? however, the auto industry only affects about 18% of kansas city southern's revenues. they do have some coal exposure, something that's crushed a great many american...
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Dec 5, 2012
12/12
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CNBC
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before sandy. where are we internationally? europe. what are some of the other key area, though? i think latin america, though. i think it's coming back. asia already turned. here's the new piece of data. i think europe could be stablized. ford is the one to watch. you get that thing at 11 or blow. i'm out blessing it. haven't done that in a while. in europe i'm thinking that i'm sanguine. excited about ford. we have ample evidence today that i'm right. affordability is skyrocketing. the rates remained too low. homes down sharply. and pricing is moving up in california, nevada, arizona all things we learned from the luxury home builder toll today. oh, that's fine. they leave out the most important fact that i hadn't heard from anybody, let alone toll brothers before. demographic play, how the company's chairman talked how demographics are going to take over. household formation is unnatural but because of the great recession. now at least it's picking up. there should are several new home buyers out there because of pent-up demand. well, from the delay of creation of new families
before sandy. where are we internationally? europe. what are some of the other key area, though? i think latin america, though. i think it's coming back. asia already turned. here's the new piece of data. i think europe could be stablized. ford is the one to watch. you get that thing at 11 or blow. i'm out blessing it. haven't done that in a while. in europe i'm thinking that i'm sanguine. excited about ford. we have ample evidence today that i'm right. affordability is skyrocketing. the rates...
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Dec 2, 2012
12/12
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CNNW
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this one will give us a good sense of how hurricane sandy affected employment. that will do it for me. "cnn newsroom" continues with don lemon. thank you for tuning in. have a great week. and don, looking forward to seeing your show. >>> you were talking about my shoes and someone said, don't tell her that's your usher board uniform. >> which you still have to bring in. i keep asking, where is your usher board uniform, don? >> i was in new york last week and deb let me use her office. >> i even cleaned it up for you. >> thank you, deb. see you soon. always a pleasure. hi, everyone. we are going to get you up to speed on the day's headlines here on cnn. fiscal cliff talks are turning into a high-stakes game of chicken. secretary tim geithner said there's no deal unless republicans agree to raise taxes on the wealthy. >> if they are going to force higher rates on virtually all americans because they are unwilling to let tax rates go up on 2% of americans, then that's the choice we'll have to make. >> republicans are furious. they don't like democrats drawing a red
this one will give us a good sense of how hurricane sandy affected employment. that will do it for me. "cnn newsroom" continues with don lemon. thank you for tuning in. have a great week. and don, looking forward to seeing your show. >>> you were talking about my shoes and someone said, don't tell her that's your usher board uniform. >> which you still have to bring in. i keep asking, where is your usher board uniform, don? >> i was in new york last week and deb...
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Dec 4, 2012
12/12
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CNBC
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over the last month, despite hurricane sandy, it is still up 5%. but would going over the fiscal cliff hurt or derail the insurance giant as many expect it to derail business in general? joining me now is the chairman and ceo of allstate. thank you for joining us. president and congressional leaders are meeting with state governors today. you're one of the ceos who met at the white house with some of your other colleagues in business. what's your stance of where we are right now in terms of a deal? >> i'm concerned about it. the good news is everybody sees this as an opportunity to really show american global leadership. the rest of the world is all messed up on this. we can show them how to get it done. they've also all agreed on the three buckets, that being revenues, entitlements, and spending reductions. the bad news is they haven't agreed on how much into each bucket. and i don't think they're trying to create a win/win for each other. most good negotiations, you try to help the other person come out with a win. i don't see that here. >> you h
over the last month, despite hurricane sandy, it is still up 5%. but would going over the fiscal cliff hurt or derail the insurance giant as many expect it to derail business in general? joining me now is the chairman and ceo of allstate. thank you for joining us. president and congressional leaders are meeting with state governors today. you're one of the ceos who met at the white house with some of your other colleagues in business. what's your stance of where we are right now in terms of a...
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no substantive sandy in the jobs numbers. the lack of sandy effect has us scratching our heads, what they said. i just got off the phone with the guy who's the head of doing the numbers, labor numbers at the bls. he walked me through the rather extensibilive process they did fine out if there was any sandy effect, including sampling of businesses in a flood tide areas. >> it was very meticulous. >> i'm pretty convinced they did a good job figuring out if there was an effect and there is no effect which brings us to the numbers which you could believe on face value as much as you can. they'll revise this again. they only come forward with 60% to 70% of the sample. unemployment rate falling 7.7% because largely a drop in the labor force. average hourly earnings up 0.2%. despite positive headlines, xwoeld man sax says we interpret this report as one only slightly better than expected overall given downward revisions and weaker labor force and it does not change our assessment of the underlying strength of the labor market. priva
no substantive sandy in the jobs numbers. the lack of sandy effect has us scratching our heads, what they said. i just got off the phone with the guy who's the head of doing the numbers, labor numbers at the bls. he walked me through the rather extensibilive process they did fine out if there was any sandy effect, including sampling of businesses in a flood tide areas. >> it was very meticulous. >> i'm pretty convinced they did a good job figuring out if there was an effect and...
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it may have been reduced by 86,000 because of hurricane sandy. but there was a good number today which was the ism data when it comes to the services sector. you can see it was up. there's the adp data. but i want to talk about the services sector which was up a bit more than expected. then what you had, business activity was up, new orders were up, employment was the one thing that was down. i don't know if that's a sandy effect. that could be also, by the way, a fiscal cliff effect. zplint vi >> interviewing secretary geithner later today. what's your first question going to be? >> i want to get his response -- we had the president respond to boehner's proposal but i want to get the secretary's response, too, the specific issue of, hey, the republicans looked like they made a step forward, actually got some accolades in some of the press for agreeing to new revenues. where's the administration's response on that side? are they willing to give? i think that's a key question right now in terms of what the news flow is right now but also there's c
it may have been reduced by 86,000 because of hurricane sandy. but there was a good number today which was the ism data when it comes to the services sector. you can see it was up. there's the adp data. but i want to talk about the services sector which was up a bit more than expected. then what you had, business activity was up, new orders were up, employment was the one thing that was down. i don't know if that's a sandy effect. that could be also, by the way, a fiscal cliff effect. zplint vi...
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sandy which hit 25% of the u.s. population, 25 states or something like would that cut job creation andket the unemployment rate a bit, kept it higher. turns out sandy did have an impact but not on the headline numbers. >> if you look deeper in the report you see over a million workers who normally work full-time were reduced to part-time hours during the reference week because of bad wetter. over 300,000 additional workers weren't able to work at all because of bad weather. >> but because the way the labor department counts full-time workers part time workers and whether people work at all, and when they work, it didn't show up in the headline numbers . one thing that did, 350,000 people left the workforce in november. that was one reason again why the unemployment rate dropped to 7.7%. ashley and tracy. ashley: sounded good to begin with then you take in those factors as peter outlined, maybe not so good. peter, thank you so much. tracy: there is lot more ugly in the report and we'll talk about it now actually bec
sandy which hit 25% of the u.s. population, 25 states or something like would that cut job creation andket the unemployment rate a bit, kept it higher. turns out sandy did have an impact but not on the headline numbers. >> if you look deeper in the report you see over a million workers who normally work full-time were reduced to part-time hours during the reference week because of bad wetter. over 300,000 additional workers weren't able to work at all because of bad weather. >> but...
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congress to approve a sixty billion dollars aid package for the states the worst hit by superstorm sandy not tobar very close to get approval from both the republicans and democrats the president's team has also proposed to make the package immune to any spending cuts due to its urgent and one time nature. obama's plea for recovery funds comes as he negotiates with the republicans to avoid the so-called fiscal cliff it's a set of spending rises and tax cuts that are set to take effect on the first of january and could be ruinous to the economy but does the average american fear the looming june artie's new yorker resident try to find out. america is about to go over the fiscal cliff are you worried what should we do about it this week let's talk about that do you know the fiscal cliff. do you think a lot of americans do you know so then why is the media talking about it incessantly well so go there i guess i'm not as informed as i should be but i just kind of figure it might work out do you think most people feel that way you know you think most people are worried i think they are and i
congress to approve a sixty billion dollars aid package for the states the worst hit by superstorm sandy not tobar very close to get approval from both the republicans and democrats the president's team has also proposed to make the package immune to any spending cuts due to its urgent and one time nature. obama's plea for recovery funds comes as he negotiates with the republicans to avoid the so-called fiscal cliff it's a set of spending rises and tax cuts that are set to take effect on the...
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hurricane sandy affected four counties. homes were uprooted, dunes were obliterated, sand was blown into coastal ponds and local roads, exposing underground pipes, septic tanged -- tanks and other ewityle -- utilities. the largest wave of the storm was recorded at 47 feet. the island sustained severe road damage. in addition to damage covered under disaster reparations issued by the president urn the staff act, preliminary damage reports indicate damage of approximately $40 million to public infrastructure that will likely need to be covered by other agencies. this includes damage to harbors and channels as well as roadways which will require significant funding through army corps and the department of transportation. for rhode island, which has felt the effects of the economic downturn as much as any state and today ranks second in the nation in unemployment, recovery from the third major disaster in three years will be a significant challenge. this is a point emphasized by governor chafee who wrote to president obama abou
hurricane sandy affected four counties. homes were uprooted, dunes were obliterated, sand was blown into coastal ponds and local roads, exposing underground pipes, septic tanged -- tanks and other ewityle -- utilities. the largest wave of the storm was recorded at 47 feet. the island sustained severe road damage. in addition to damage covered under disaster reparations issued by the president urn the staff act, preliminary damage reports indicate damage of approximately $40 million to public...
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Dec 4, 2012
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auto sales rebound after hurricane sandy. and mitt romney bounces back with a new job. ashley morrison here in new york with that. >> asian markets saw a mixed day. tokyo's nikkei dropped a quarter percent while hong kong's hang seng added a fraction. >>> a report showing a decline in manufacturing sank stocks on wall street. the dow fell 59 points while the nasdaq lost eight points. >>> hurricane sandy gave a boost to the auto industry. analysts say it added up to 30,000 sales last month with as many as 30,000 vehicles needing to be replaced. the big three auto makers all posting gains in sales. general motors up 3%. ford 6.5%. and chrysler sales increased 14%. >>> drug maker pfizer is preparing to cut back its work force. the layoffs will target sales representatives who market drugs to doctors. pfizer is facing increased competition from generic drugs, particularly from the generic version of its cholesterol medication lipitor. >>> mitt romney may not have gotten the job he wanted when he lost the presidential election, but he's going back to work. romney will rejoin
auto sales rebound after hurricane sandy. and mitt romney bounces back with a new job. ashley morrison here in new york with that. >> asian markets saw a mixed day. tokyo's nikkei dropped a quarter percent while hong kong's hang seng added a fraction. >>> a report showing a decline in manufacturing sank stocks on wall street. the dow fell 59 points while the nasdaq lost eight points. >>> hurricane sandy gave a boost to the auto industry. analysts say it added up to...
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Dec 10, 2012
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and you think okay, chris perry sandy -- kris perry sandy steir are human beings and we should be treated equally under the law because we're human beings. it is not a radical idea if you think of it as something as simple as that. then it doesn't make as much of a difference -- it shouldn't make as much of a difference to folks who say they know better. who should be married and who shouldn't. really, you should be thinking is it fair to say to a group of people you don't get to have something everybody else has because of one trait that you have. it is -- it's really something that -- isn't -- no longer acceptable to be sort of openly discriminatory or hateful toward a group of people. i'm happy about where this is headed. i feel like we're going to put this to rest. >> stephanie: you said in terms of the tea leaves, you said you can't imagine they took this to move us backward. >> no. that's what sandy and i were talking about. to reverse two lower court rulings from the same court system that the supreme court supports would be saying not only to the people of california but to those
and you think okay, chris perry sandy -- kris perry sandy steir are human beings and we should be treated equally under the law because we're human beings. it is not a radical idea if you think of it as something as simple as that. then it doesn't make as much of a difference -- it shouldn't make as much of a difference to folks who say they know better. who should be married and who shouldn't. really, you should be thinking is it fair to say to a group of people you don't get to have something...
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president is calling in his fiscal cliff negotiations for some stimulus spending doesn't hurricane sandy prove we need it here's an opportunity to. take this we have a few minutes every year of warden a trillion dollars in deficit spending at this point the president obama is like a doctor running a thousand votes with a patient who is not recovery yet if there's an argument for spending more to help the people who were damaged when the federal weather service didn't warn them about the incoming storm but the larger point is this country has been following that policy for so long that we are near because if we did come you know did warn them about it and the wheels are coming off because since the reagan administration we have not been spending money on infrastructure in the united states look around you most of the infrastructure was built in the fifty's sixty's seventy's and early eighty's and then we. spend it on government run health care going to star wars which is four trillion dollars is not to blame for what's actually happening in new york because of the storms right now and the
president is calling in his fiscal cliff negotiations for some stimulus spending doesn't hurricane sandy prove we need it here's an opportunity to. take this we have a few minutes every year of warden a trillion dollars in deficit spending at this point the president obama is like a doctor running a thousand votes with a patient who is not recovery yet if there's an argument for spending more to help the people who were damaged when the federal weather service didn't warn them about the...
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. >>> a philanthropist is helping hurricane sandy victims with his annual giveaway. the secret santa hands out $100 bills. >> $500, will that help you? >> going to my tower. >> it's not every day a complete stranger will pay your bills but sometimes the most unlikely miracles do happen. >> must have drop that. >> no. >> got to be yours. >> oh, my god. are you serious? >> the culprit? secret santa, the unidentified miracle worker whose acts of kindness are bringing people to tears throughout the country. >> oh, gosh. i feel like i just got million dollars. >> he goes from city to city surprising folks with $100 bills, sometimes spending up to $100,000 a year. >> it's not about the money. it's really about committing random acts of kindness. one of the great things we can do. >> he has been spreading holiday cheer since 2006 after the original secret santa, larry stewart, was diagnosed with cancer. >> i asked him if he had any regrets. he regretted he couldn't have helped more people. i told him i'm going to take as many hundred dollar bills as i can and stamp your nam
. >>> a philanthropist is helping hurricane sandy victims with his annual giveaway. the secret santa hands out $100 bills. >> $500, will that help you? >> going to my tower. >> it's not every day a complete stranger will pay your bills but sometimes the most unlikely miracles do happen. >> must have drop that. >> no. >> got to be yours. >> oh, my god. are you serious? >> the culprit? secret santa, the unidentified miracle worker whose...
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the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal. as i've been telling you we'll see a lot of big deals -- i was wrong. here we are. freeport mcmoran buying not one but two companies. the combined price if you add it all together gets close to $20 billion. that does include debt. let's go through some of the details. it's somewhat complex. let's start with bigger of the two deals. freeport's purchase of plains. approximately $6.9 billion in total now. it's a cash and stock deal. .6531 shares and 39 bucks a share in cash. that adds up to $50 a share. that's a fairly significant premium when we look at
the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal....
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. >>> a philanthropist is helping hurricane sandy victims with his annual giveaway. the secret santa hands out $100 bills. >> $500, will that help you? >> going to my tower. >> it's not every day a complete stranger will pay your bills but sometimes the most unlikely miracles do happen. >> must have drop that. >> no. >> got to be yours. >> oh, my god. are you serious? >> the culprit? secret santa, the unidentified miracle worker whose acts of kindness are bringing people to tears throughout the country. >> oh, gosh. i feel like i just got million dollars. >> he goes from city to city surprising folks with $100 bills, sometimes spending up to $100,000 a year. >> it's not about the money. it's really about committing random acts of kindness. one of the great things we can do. >> he has been spreading holiday cheer since 2006 after the original secret santa, larry stewart, was diagnosed with cancer. >> i asked him if he had any regrets. he regretted he couldn't have helped more people. i told him i'm going to take as many hundred dollar bills as i can and stamp your nam
. >>> a philanthropist is helping hurricane sandy victims with his annual giveaway. the secret santa hands out $100 bills. >> $500, will that help you? >> going to my tower. >> it's not every day a complete stranger will pay your bills but sometimes the most unlikely miracles do happen. >> must have drop that. >> no. >> got to be yours. >> oh, my god. are you serious? >> the culprit? secret santa, the unidentified miracle worker whose...
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we can argue about whether or not the impact of sandy was or was not calculated. it is an undeniable the trajectory is positive. the one thing i think everyone you will speak to i believe is that there is a sense that if we can reach and act like adults and reach an agreement here on the fiscal cliff, the upside is much higher even than the downside is if we don't. that is what we should be looking forward to. we should do that now. think of how many people out there making a judgment of whether or not they will spend another $300 on christmas gifts if they think next month they are going to have $260 less in their paycheck. thank you all very much. thank you all. good luck to you. good luck. thank you. than kyou k you. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> this past thursday, south carolina and senator jim demint announced he is retiring from the senate. his colleague and fellow south carolina senator lindsey graham pay him tribute on the senate floor. >> madam president, i met with jim
we can argue about whether or not the impact of sandy was or was not calculated. it is an undeniable the trajectory is positive. the one thing i think everyone you will speak to i believe is that there is a sense that if we can reach and act like adults and reach an agreement here on the fiscal cliff, the upside is much higher even than the downside is if we don't. that is what we should be looking forward to. we should do that now. think of how many people out there making a judgment of...
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. >> maybe the people affected by hurricane sandy with fema trailers sitting idle in pennsylvania and a staten island resident has had it what did you make of this? >> well, thanks for having me. i feel it sun fair. i have family that i can stay with. family has denied me rental assistance or temporary living. i assume that is because they left 3 1/2 hours away from us after bringing them from texas and wasting our time and money and their efforts. it is completely unfair and ten days before christmas you want to take away what you have given them temporarily. they should health the people start receiving checks from their insurance companies and maybe some progress in the house before they give them the boot. if you didn't have family, chris, would you have been able to benefit with the temporary housing or hotels that others have taken advantage of? without have been able to qualify? >> in the beginning we assumed we would stay with our families and we applied for rental assistance and they did not give us any help, my wife me, my young babies at the time. >> we hearing and we could
. >> maybe the people affected by hurricane sandy with fema trailers sitting idle in pennsylvania and a staten island resident has had it what did you make of this? >> well, thanks for having me. i feel it sun fair. i have family that i can stay with. family has denied me rental assistance or temporary living. i assume that is because they left 3 1/2 hours away from us after bringing them from texas and wasting our time and money and their efforts. it is completely unfair and ten...
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Dec 7, 2012
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despite predictions of stalled job creation in november in superstorm sandy and looming fiscal cliff, the nation added 146,000 jobs last month, and unemployment ticked down to 7.7%. while november's figures are higher than expected, september and october were revised down 16 and 33,000 jobs respectively. chief economists for moody's analytics mark zandi cautions november may see a downward revision but the numbers are a good sign. >> bottom line, feels like the job market is holding firm in the face of sandy and fiscal cliff concerns, so that's good news. >> surprising exactly no one, the white house and republicans had different spin on the numbers. >> if congress does address the problems that it needs to address, concerning the fiscal cliff, if we have reasonable resolution type of programs that the president has been proposing to support the economy in the short run, get us on a sustainable fiscal path in the long run, protect the middle class we're going to see progress in this economy. >> the risk the president wants us to take increasing tax rates will hit many small businesses
despite predictions of stalled job creation in november in superstorm sandy and looming fiscal cliff, the nation added 146,000 jobs last month, and unemployment ticked down to 7.7%. while november's figures are higher than expected, september and october were revised down 16 and 33,000 jobs respectively. chief economists for moody's analytics mark zandi cautions november may see a downward revision but the numbers are a good sign. >> bottom line, feels like the job market is holding firm...
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mississippi, the same answer and new jersey you have to think a little bit of the sandy effect. now as you can see showing those percentages here, big jumps. alaska was the biggest jump of all places and thousand this is where i want to bring in david wasserman of the cook political report. this is my favorite thing here, david. take us through what is unique about mitt romney and paul ryan that no other losing presidential ticket pulled off. >> chuck, this may be the only ticket in history both candidates have not only lost their home states but their home counties and home towns. chuck, that's remarkable. >> massachusetts, wisconsin, middlesex county, belmont, massachusetts. i guess that's what you end up having with two blue state guys running on the republican ticket. some conservatives say it doesn't matter if you get blue state guys. doesn't seem to pull off swing voters. we move on to a couple of other things here and this is something you have started doing. trying to break up the cultural differences between the two parties. counties where there are cracker barrel and w
mississippi, the same answer and new jersey you have to think a little bit of the sandy effect. now as you can see showing those percentages here, big jumps. alaska was the biggest jump of all places and thousand this is where i want to bring in david wasserman of the cook political report. this is my favorite thing here, david. take us through what is unique about mitt romney and paul ryan that no other losing presidential ticket pulled off. >> chuck, this may be the only ticket in...
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incomes are flat and hurricane sandy shut down the northeast for days and in some cases for weeks. even though we have had positive numbers from companies like home dep depot, the group would be flat lining. yet that hasn't been happening. it is shown by the rth, the market vectovector's retail num. it has been showing very well. that is why tonight we are going off the charts with the help of ed ponzi. my colleague at realmoney.com, we have to learn what the charts are seeing. if you remember, one of the reasons why i went back to ed. he is the guy who nailed it and went against the grain in europe. right before the decision on the european bailout. and according to him, according to a guy who went against the grain then and was right. when you look at the market based on the markets, retail might be the most attractive area to own in this whole market. look, look at this daily chart of the rth. this is it. excellent proxy for the whole group. it does work. you can see from the year earlier in october. november 21st, this is the spot here, it has come roaring back. he points out t
incomes are flat and hurricane sandy shut down the northeast for days and in some cases for weeks. even though we have had positive numbers from companies like home dep depot, the group would be flat lining. yet that hasn't been happening. it is shown by the rth, the market vectovector's retail num. it has been showing very well. that is why tonight we are going off the charts with the help of ed ponzi. my colleague at realmoney.com, we have to learn what the charts are seeing. if you remember,...
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obviously sandy falls in that as a catastrophic disaster. it will be in addition to existing disasters we are working. >> some of the temporary housing assistance be provided will soon be expiring. but there be opportunities for renewal? you've heard one of the things he wanted to do was have had to explain what they doing and will not be sufficient? we were in new york and also manhattan, which is a whole unique venue for disaster in staten island, i guess long island, new jersey has very unique housing requirements and also higher costs. hud has committed to in the president says they will coordinate with your efforts. >> mr. chairman, the housing program were actually looking at three pretty substantial areas. the first was the temporary sheltering and that is where maybe the home was destroyed but they couldn't get back in. they had power outages or other damages. we would provide in cooperation state request on a car share basis short-term, namely hotels, motels measured in weeks and we are extending as the states requested. the traditi
obviously sandy falls in that as a catastrophic disaster. it will be in addition to existing disasters we are working. >> some of the temporary housing assistance be provided will soon be expiring. but there be opportunities for renewal? you've heard one of the things he wanted to do was have had to explain what they doing and will not be sufficient? we were in new york and also manhattan, which is a whole unique venue for disaster in staten island, i guess long island, new jersey has...
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. >> i don't think all it have it will be explainable by superstorm sandy. i think a lot of it is pulling back. you've seen the capital investment. >> we have to move on but i have to push back on one thing. are we talking about two different things? when we got downgraded the market went down hard. more than a trillion in value. >> but the market price. the market came right back and actually went to new highs not that long after that. once the knee jerk reaction was done. the market is being sensitized to it right now. and that's a good thing. >>> two companies that issued special dividends ahead of the fiscal cliff and if you're keeping score at home that's 103 companies thus far this quarter valued at more than $22 billion. so we see this continued parade of companies just coming out and issuing special dividends whether it's by debt, with debt, or cash on the balance sheet. >> the big one there, scott, is costco. last week when costco made the announcement, it was up 5%, almost 7% on the news. oracle moves their dividends up and the stock is flat to dow
. >> i don't think all it have it will be explainable by superstorm sandy. i think a lot of it is pulling back. you've seen the capital investment. >> we have to move on but i have to push back on one thing. are we talking about two different things? when we got downgraded the market went down hard. more than a trillion in value. >> but the market price. the market came right back and actually went to new highs not that long after that. once the knee jerk reaction was done....
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i've talked to some experts who say sandy, the sandy effect on the jobs is somewhere between 80 and 100,000 jobs in the month of november. so whatever it is you can blame sandy for what 80 to a hundred. add that to whatever the number is and it maybe should be what the number should have been. we are taking a deep dive into understanding the american electorate. it could spell a lot of trouble for republicans going forward. our fiscal cliff-mas gift today alan smith gets down gangnam style. what the senator is saying about the video that's gone viral watching the daily rundown only on msnbc. u see this? oh, let me guess -- more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. ♪ ♪ [ male announcer ] everyone deserve
i've talked to some experts who say sandy, the sandy effect on the jobs is somewhere between 80 and 100,000 jobs in the month of november. so whatever it is you can blame sandy for what 80 to a hundred. add that to whatever the number is and it maybe should be what the number should have been. we are taking a deep dive into understanding the american electorate. it could spell a lot of trouble for republicans going forward. our fiscal cliff-mas gift today alan smith gets down gangnam style....
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also matt mccormick, sandy lincoln, and john spolinsani. what do we do between now and the end of the year? >> we wait. you hope there will be a resolution with the fiscal cliff. also 2013 could be a difficult year. it's the first year of the presidential term which is usually a weak un. earnings growth looks a little bit weaker. we are very big on di dends. we believe this is a grinded out market. prepare for instability. >> so it's glass half empty for you right now. >> we'd like to be optimistic but tell clients buy with sound balance sheets. and if the market goes up better, we're in a better position. >> i have to press you on what you say about you like companies that pay better dividends? >> right now you're looking at the. senate bill will will tax for gross incomes of $250,000. that's not a deal killer. there was an article this week talking about how dividends -- people buy dividends for income and downside protection. those issues do not go away regardless of what happens with taxes. people need income. >> you told us last time y
also matt mccormick, sandy lincoln, and john spolinsani. what do we do between now and the end of the year? >> we wait. you hope there will be a resolution with the fiscal cliff. also 2013 could be a difficult year. it's the first year of the presidential term which is usually a weak un. earnings growth looks a little bit weaker. we are very big on di dends. we believe this is a grinded out market. prepare for instability. >> so it's glass half empty for you right now. >> we'd...